Monday, June 18, 2018

Market out look dated 18th June June 2018

Market out look dated  18th June   June   2018
Market Trend :
 Bulls are continue defend Nifty  10700  and up move continue as long as hold
Market are continue bias by way of TCS buy back announcement and continuestrong support and tremendous buying seen in Pharma segement.  Over all time to sharp dip to decent opportunity to long side.
Nifty Spot :
  Consider support 10800-10750, upper side crossover10837, up side open towards 10890 thereafter more up side. Any sharp decline to buy side.

Stop loss for long 10694 and as remain above up side open towards 10970 and 11205. Likely.
Bank Nifty Future :
 Bank Nifty are continue trading zone with consider support 26250 and resistance nearly  Consider resistance 26600-26700 and below 26400  selling pressure likely. Higher level to sell side.
Consider stop loss for long 25895, as hold upper side open towards 26679, 27590-28225  in coming days.
 Long Side:      Torrent pharma, Dr Readdy, Tata Elexi, Ajana Pharma
Short side :   ICICI Bank, Ultatatech Cement, LT, Apollo Tyre,
More details and entry level call
9630466296 / 9301302732 

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